ARVIND - Looks Short

Stock has broken the weekly trendline and has shown negative divergences over last few weeks. Sell on any rallies to 382-84 with a SL above 392. Target could be atleast 8-10% downside as Nifty also seem to be on correction mode.

Trade closed: target reached:
Target met. Closing trade for time being. Though any rally close to 370 can be a shorting opportunity again.